Maryland HB877 mandates institutions of postsecondary education to report institutional debt annually to the Maryland Higher Education Commission.

Maryland HB877 requires institutions of postsecondary education to submit annual reports on institutional debt to the Maryland Higher Education Commission. The report must include details such as total student enrollment, total dollar amount of institutional debt, status and collection of institutional debt, and administrative hold actions. The Commission may assess a civil penalty against an institution for failure to submit a report or knowingly including inaccurate information in a report. The Commission must follow certain notice and hearing procedures before assessing a civil penalty.

Maryland HB877 mandates institutions of postsecondary education to report institutional debt annually to the Maryland Higher Education Commission.

Maryland HB877 requires institutions of postsecondary education to submit annual reports on institutional debt to the Maryland Higher Education Commission. The report must include details such as total student enrollment, total dollar amount of institutional debt, status and collection of institutional debt, and administrative hold actions. The Commission may assess a civil penalty against an institution for failure to submit a report or knowingly including inaccurate information in a report. The Commission must follow certain notice and hearing procedures before assessing a civil penalty.